Solved: Economics and finance the kentucky derby is run every may, Basic Statistics

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Economics and finance the kentucky derby is run every may

Question: Economics and Finance The Kentucky Derby is run every May at Churchill Downs. This extravagant affair features mint juleps and unusual woman's hats. The jockeys with the most Kentucky Derby mounts are given in the following table.

Jockey Mounts

Bill Shoemaker 26

Pat Day 22

Eddie Arcaro 21

Laffit Pincay Jr. 21

Suppose a random sample of two of these jockeys is selected at random without replacement.

a. Find the sampling distribution for the maximum number of mounts.

b. Find the sampling distribution for the total number of mounts.

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